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Aug 6, 2013
08/13
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it started here in detroit. right here in detroit. everybody -- [inaudible] some of us have a little place upnorth. the middle class. [inaudible] middle class. middle class. >> host: is there anything people like george mcgreger did wrong over the years that lead to this? >> guest: absolutely. i think there's at love blame to go around. the unions are not blameless. there was a time they had a lot of extras going on. i mean, actually george described weren't able to use in the film he described a program called the homework hotline. every employee's child could call and get help with a homework. that's really nice. but that costs money. and the vacation days, sick leave, there were people in the path that did fall down on the job. it was too hard to fire people. there was a time for sure it was too bloated. with management, you know, taking sort of producing sub par cars and paying themselves too much. overall the industry behaved as a cartel at times. refusing to make small cars, saying you could never make money on small cars. honda
it started here in detroit. right here in detroit. everybody -- [inaudible] some of us have a little place upnorth. the middle class. [inaudible] middle class. middle class. >> host: is there anything people like george mcgreger did wrong over the years that lead to this? >> guest: absolutely. i think there's at love blame to go around. the unions are not blameless. there was a time they had a lot of extras going on. i mean, actually george described weren't able to use in the film...
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Aug 20, 2013
08/13
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the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have to step in to make sure they function, there are cities that are too big to fail. [applause] >> bankruptcy in one of those cities. >> yes, and so it is not enough for the administration to say, oh, we're behind you, droit. no. we said to wall street, $800 billion we're behind you, so that's being behind me. [laughter] >> okay. behind you, what are the policies? >> so, wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax because when they gamble, we lose. [applause] they have to pay for cleaning up the whole mess, not just their mess or the mess that let the
the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have...
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Aug 27, 2013
08/13
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wasn't in michigan back in the '70s the polltown, it was an old polish neighborhood in detroit, there were old churches, it was a very old polish neighborhood, and didn't -- wasn't that, the entire neighborhood, seized by, under eminent domain for general motors to build, i believe, a cadillac plant in that neighborhood? are you familiar with that, that case? i think it was in the late '70s, possibly the early '80s. it's been a while ago. it was very controversial in michigan. it was an old polish neighborhood. >> guest: yes, the caller is absolutely right. what happened is that the city of detroit literally condemned an entire thriving ethnic neighborhood with 1600 businesses, many churches and a large residential district to build the gm cadillac assembly plant which was not built for many years later. but this is a more interesting and complex situation than the facts we've talked about -- >> host: kelo? >> guest: well, no, the poletown case. because, basically, people say it was done for general motors. but the fact is, the city of detroit was able to get large federal grants for
wasn't in michigan back in the '70s the polltown, it was an old polish neighborhood in detroit, there were old churches, it was a very old polish neighborhood, and didn't -- wasn't that, the entire neighborhood, seized by, under eminent domain for general motors to build, i believe, a cadillac plant in that neighborhood? are you familiar with that, that case? i think it was in the late '70s, possibly the early '80s. it's been a while ago. it was very controversial in michigan. it was an old...
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Aug 21, 2013
08/13
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if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but looking to the future, it's going to be a different picture demographically. this doesn't mean everybody is when to have great economic opportunity in the future. we don't know where that will be and everything will be important in shaping that economic future of hitting it will also be important to see how a young people today come of age and so when you ask us to take a look at the future, i think there's a tremendous number of opportunities, a tremendous number of challenges as well. i think everything you said it plays into shaping that america for the future which will be different than we see t
if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but looking to the future, it's going...
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Aug 5, 2013
08/13
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merely a nuisance is putting off the real painful constraints to come as we have seen in europe and detroit last week? >> you frame this very well. i think it's a important as said to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. they had been chairing the meeting on energy in another part of the capitol complex. i walked in and there may be 16 or 17 people in the room and in the house and the senate, republicans and democrats. the psychiatry of the treasury and the bush administration was about 6 o'clock in the evening they posted a guard at the door and closed the door. it was very unusual, as you know. and i knew something dramatic was afoot. i sat down and the meeting began. the secretary of the treasury and the federal reserve told us they were taking over the large insurance company the next day and they made very clear they were out there to seek our advice or approval. they were there to inform us they were tak
merely a nuisance is putting off the real painful constraints to come as we have seen in europe and detroit last week? >> you frame this very well. i think it's a important as said to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. they had been chairing the meeting on energy in another part of the capitol complex. i...
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Aug 15, 2013
08/13
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i think that a sort of our example of how they work. >> you write. >> the case in detroit, the detroit bomber was a pretty clean case. and that was not necessary a judge who was -- >> well, he settled. he didn't have to go to trial. he took a plea. that's a lot different from a trial. >> but it was very clean. so there are a lot of cleaning terrorism cases aside from moussaoui. please go ahead. >> one point that john bennett, fbi, my fbi, i have a concern about that. the fbi is an institution that looks for evidence and then looks for prosecution. in the scope of promotions in their hierarchy, for example, putting an fbi agent into a foreign country like the cia uses something called -- that's the top intelligence officer in the various indices. generally many of them i remember a number of years, something like half of them have never even been out of the country. so what happens here is if you're in the middle of the case trying to collect evidence come you do not want the evidence tainted. when you get into that legal aspect of it, i'm afraid that the fbi sometimes moves too far in
i think that a sort of our example of how they work. >> you write. >> the case in detroit, the detroit bomber was a pretty clean case. and that was not necessary a judge who was -- >> well, he settled. he didn't have to go to trial. he took a plea. that's a lot different from a trial. >> but it was very clean. so there are a lot of cleaning terrorism cases aside from moussaoui. please go ahead. >> one point that john bennett, fbi, my fbi, i have a concern about...
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Aug 8, 2013
08/13
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and the most dramatic example of that, of course, is stuxnet which detroit about 1000 centrifuges. stuxnet almost what i conducted by a nationstate because it's too complicated to be done in a garage or in your basement, all right? look, given my background, former director of cia, i think it's absolute unavoidable good. but i'll describe what i just described to you in just like they did forward. somewhat almost certain initiative during a time of these just use a cyber weapon to destroy another nation's critical infrastructure. ouch. that's a big deal. you may or may not see me making a comment on 60 mins about a year and a half ago in which i can characterize that as somebody crossing a river gone, got a leaking on the other side of the river, and life will be very different. so those are your sins. stealing your stuff, disrupting the network, destroying their infrastructure. who are the sinners? nationstates. you know that. criminal elements, and then finally this third group that it would have trouble defining, nihilists, anarchists, activists, losec, anonymous, twentysomethin
and the most dramatic example of that, of course, is stuxnet which detroit about 1000 centrifuges. stuxnet almost what i conducted by a nationstate because it's too complicated to be done in a garage or in your basement, all right? look, given my background, former director of cia, i think it's absolute unavoidable good. but i'll describe what i just described to you in just like they did forward. somewhat almost certain initiative during a time of these just use a cyber weapon to destroy...